August 23, 2019 |
Chile's Costanera Norte has received a UF10m ($386m) project finance loan to fund auxiliary works on the toll road concession in Santiago, LatinFinance has confirmed.
The lenders were BancoEstado, Itaú CorpBanca, Santander and the private pension fund AFP Habitat, according to a source close to the deal.
The subordinated loan comes after a 20-year, $240m bond sale from 2003 with $75m guaranteed by IDB Invest, the source said.
The local law firm Arteaga Gorziglia advised Costanera Norte on the
Chilean concessionaire gets $386m to finance improvements to the 43km toll road in Santiago